Decree No. 92/2018/ND-CP dated June 26, 2018 of the Government on managing and using the Accumulated Fund for Debt Repayment

DECREE

ON MANAGING AND USING THE ACCUMULATED FUND FOR DEBT REPAYMENT

          Pursuant to the Law on the Government Organization dated June 19, 2015;

          Pursuant to the Law on the State Budget dated June 25, 2915;

          Pursuant to the Law on Public Debt Management dated November 23, 2017;

          According to the request of the Minister of Finance;

          The Government hereby promulgates a Decree on managing and using the Accumulated Fund for Debt Repayment.

Chapter I

GENERAL REGULATIONS

Article 1. Scope of adjustment

This Decree specifies the establishment, management and use of the Accumulated Fund for Debt Repayment.

Article 2. The Accumulated Fund for Debt Repayment

1. The Government establishes the Accumulated Fund for Debt Repayment and assigns the Ministry of Finance to manage it in accordance with Article 56 of the Law on Public Debt Management on the basis of the Accumulated Fund for Debt Repayment established under the provisions of the Government’s Decree No. 79/2010/ND-CP dated October 14, 2010.

2. The Accumulated Fund for Debt Repayment (hereinafter referred to as Fund) is a non-state budget financial fund.

3. The Minister of Finance appoints and assigns the Finance Ministry's public servants to act as the account owners, the chief accountants (or in charge of accounting) and assign a number of public servants to perform the task of Fund management according to the plurality regime.

4. The Fund is eligible to open a transaction account in foreign currency and Vietnamese currency at the State Treasury and domestic commercial banks.

5. The Fund performs accounting according to the provisions of law on accounting. Foreign currency conversion into VND is subject to the accounting rate announced by the Ministry of Finance (or an authorized agency). The Minister of Finance promulgates the accounting regime applicable to the Accumulated Fund for Debt Repayment.

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